There are dozens of companies scheduled to report earnings on Wednesday, but Jim Cramer plans to monitor four companies' results in particular.
To start, General Motors will announce its earnings before the opening bell. While last month’s sales were disappointing, the automaker has a “truly gigantic cash flow.” Cramer would rather take the over than the under here and just view it as a play on China’s soft landing.
Ralph Lauren also reports ahead of the open and Cramer is urging caution. People are expecting a great deal and the bar may be too high, he said.
After the closing bell, Cisco releases its earnings. According to highly regarded Wall Street technician Dan Fitzpatrick the chart is great, so Cramer’s wondering if they can deliver. They seem to have regained the momentum, he said, and now is the seasonal sweet spot for tech.
There’s a lot on the line for Green Mountain Coffee when it reports after the bell. This is the chance for GMCR to rebut all of David Einhorn’s charges against the company, and Cramer's eager to hear what it has to say. He thinks Green Mountain needs to be forceful that margins are going higher and it can take on any competitors.
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